Hershey Co (HSY) Files Form 4 Insider Selling : D Michael Wege Sells 1,100 Shares

Hershey Co (HSY): D Michael Wege , SVP, GS, India, ME, Comm & CSR of Hershey Co sold 1,100 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 18, 2016 to the Securities and Exchange Commission. The shares were sold at $108.43 per share for a total value of $119,273.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 1, 2016, Michele Buck (EVP, Chief Operating Officer) sold 13,500 shares at $108.70 per share price.On Jun 16, 2016, D Michael Wege (SVP, GS, India, ME, Comm & CSR) sold 1,100 shares at $96.54 per share price.Also, On Jun 15, 2016, Kevin R Walling (SVP Chief HR Officer) sold 13,568 shares at $96.12 per share price.On Apr 21, 2016, Thomas J Ridge (director) sold 328 shares at $92.66 per share price.

Hershey Co: On Friday, Jul 15, 2016 heightened volatility was witnessed in Hershey Co which led to swings in the share price. The shares opened for trading at $108.43 and hit $112 on the upside , eventually ending the session at $110.66, with a gain of 2.38% or 2.57 points. The heightened volatility saw the trading volume jump to 28,10,039 shares. The 52-week high of the share price is $117.79 and the company has a market cap of $23,612 M . The 52-week low of the share price is at $82.41.

Hershey Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hershey Co is Downgraded by Argus to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 5, 2016.Hershey Co is Reiterated by UBS to Neutral while Lowering the Price Target of the company shares to $ 92 from a previous price target of $94 . The Rating was issued on Apr 27, 2016.Hershey Co is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 20, 2016.

The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Company’s principal confectionery offerings include chocolate and sugar confectionery products; pantry items such as baking ingredients toppings and beverages; snack items such as spreads and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures imports markets sells or distributes chocolate sugar confectionery and other products. This includes operations in Asia Latin America Europe Africa and the Middle East along with exports to these regions. This segment also includes its global retail operations including Hershey’s Chocolate World stores.

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